United settles pension matter with cabin staff

United Airlines reached an agreement with the Assn. of Flight Attendants on the terms of a new defined contribution pension plan that includes a 3% company match and a 2% direct contribution effective Jan. 1, escalating to a 2.5% direct contribution effective Jan. 1, 2007, and a 3% direct contribution effective the following year, for a total of a 6%, double the amount of the company's original proposal. The agreement also includes $20 million in convertible notes and immediate vesting for ...

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ICAO will have to boost its budget by 3% to pay a Web-based information database to provide airlines, air navigation service providers and member states a source of safety information about the risks to flights over and within conflict zones....More